Doesn’t it seem like celebrity kids are just born into the best possible situation? You have two parents who have probably already been very successful at achieving their dreams, you instantly get lots of connections in the entertainment industry, you grow up around other famous people, and, of course, your parents make a lot of money! So, all celeb kids must be able to get anything they want, because money is no object, right?
Well, that all depends on the family. It’s true that some celebs have no problem giving their children basically anything they could ever ask for. After all, they make millions of dollars on their movies and albums—it’s only natural they would share that with their kids, right? Some of them do think this way, while others wouldn’t dream of simply giving their kids anything and everything. Celeb parents all seem to have very different approaches to how they raise their kids when it comes to money! Yes, some kids absolutely get the dream vacations and huge wardrobes, while some are taught about budgeting and how to use coupons to shop! Here are 12 celeb parents who splurge on their kids—and 12 who totally refuse.
24 Splurges On Their Kids: Kim Kardashian
It should come as no surprise that Kim Kardashian and her husband, Kanye West, splurge on all three of their kids. Let’s be real—they are some of the wealthiest celebs in Hollywood, so of course their kids are going to get a taste of that life. According to Daily Mail, at one point Kim and Kanye spent over $40,000 to create a lavish nursery in their home. Well, if that’s the kind of treatment the kids are getting before they’re even born, we can only imagine what these parents spend on clothing, food, and toys for their three children!
23 Keeps It Frugal: Tobey Maguire
According to The Frugal Lifestyle, Tobey Maguire is pretty careful when it comes to his money. Sure, he has starred in some major blockbuster films, like The Great Gatsby and Spiderman, but at the end of the day, he is frugal at heart. He says that he never wanted to inflate his lifestyle to the point where he had to make movies he didn’t believe in, just for money. And he is teaching his two children, Ruby and Otis, the importance of saving money! In fact, he tries his best to keep their lives private and give them a normal life.
22 Splurges On Their Kids: Beyonce
Beyonce and Jay-Z are two of the most successful people in the whole music industry. In fact, we think it’s pretty safe to say that Beyonce will go down in history as one of the biggest pop stars of all time. So yes, these two are raking in their millions. According to Hello Magazine, their kids are sitting pretty. They pay nannies 24/7 to be around in case they need help with the kids. Furthermore, they paid for a huge, luxurious nursery for Blue, complete with a tub encrusted with Swarovski gems that reportedly cost over $5,000. What a life!
21 Keeps It Frugal: Sarah Michelle Gellar
Sarah Michelle Gellar and Freddie Prinze Jr. are one of the cutest couples in Hollywood—they are always just doing their own thing and staying out of the gossip. According to This Is Insider, despite the fact that Sarah made bank on Buffy the Vampire Slayer, she is still a huge fan of coupons! She says that she is just focusing on helping her kids stay healthy and active—she is more likely to splurge on organic groceries at the supermarket than buying them fancy gadgets or taking them on expensive vacations. She definitely seems like a really good mom.
20 Splurges On Their Kids: Angelina Jolie
Angelina Jolie has six children, and it looks like she will spare no expense when it comes to giving them a lavish lifestyle. After all, she has been sitting at the top of the A-list for years now—she has everything that money could buy! According to People, she doesn’t always necessarily buy them fancy clothes or material goods, but this family spends a huge amount of money on travel. Angie has admitted that they “live like nomads,” and you know that they are flying first class every time! There’s no doubt these kids definitely live a very comfortable life.
19 Keeps It Frugal: Sarah Jessica Parker
Surprise, surprise—Sarah Jessica Parker actually doesn’t spend money like her famous character Carrie Bradshaw from Sex and the City! Nope, this woman is secretly as frugal as they come—sometimes, life just doesn’t imitate art. According to Yahoo Finance, she often dresses her son in hand-me-downs. She says there is just no point in letting perfectly good clothes go to waste, and we’ve got to say that we agree with her. She is definitely teaching her son good habits about smart budgeting and taking care of his possessions for when he gets older and has money to spend.
18 Splurges On Their Kids: David Beckham
David Beckham is one of the most famous athletes on the planet, and he has easily made millions over the past few years while playing soccer. It’s totally expected that he would want to share the wealth a little and splurge for his kids. According to Metro, David, his wife Victoria (a.k.a. Posh Spice), and their four kids recently stayed in an Indonesian villa that cost over $5,000 per night. He says that the family does not spend as much as they used to, so we can’t imagine the kinds of lavish vacations they were taking in the past!
17 Keeps It Frugal: Zooey Deschanel
Zooey Deschanel is one of the most frugal celebs around. According to This Is Insider, her lawyer publicized the details of her budget after her divorce (which is kind of a bad move, but now we have the info). Apparently, she keeps her monthly budget to about $1,000 for food, clothes, and other necessities, and she also donates $1,500 to charities every single month! It’s clear that she is basically raising her kids Charlie and Elsie on a middle class budget. They are definitely not being raised with excess, but there’s no doubt they will always have what they need.
16 Splurges On Their Kids: Madonna
As one of the most successful pop stars in recent history, Madonna has millions to her name. And it’s clear that her six children have definitely benefitted from that. According to Hollywood Life, Madonna gives her kids basically whatever they ask for—but when you consider the fact that four of them were adopted from developing countries where they would never have had the same opportunities, it’s clear why Madonna would spare no expense for them. Some recent examples of her splurges for her kids include trips to private bowling rooms, an “art room” for their house, and a piano.
15 Keeps It Frugal: Paul McCartney
It’s been a long time since Paul McCartney became a dad, but one thing is certain: despite the fact that he is one of the most famous and successful musicians of all time, he did not want to just splurge on his kids. According to CBC, Paul is known for being quite frugal, and he taught his five children the same habits. For example, his children had to pay their own way for college, even though he could have easily covered the bill. But he wanted them to learn that they had to be independent and make their own way in life.
14 Splurges On Their Kids: Gwen Stefani
Gwen Stefani definitely likes to give her kids the best of everything. She does not think twice when it comes to splurging on her kids—she just goes ahead and swipes her card! According to the LA Times, her kids are nearly always dressed in designer clothes. Sure, they obviously grew out of the high end fashion pieces she bought for them when they were toddlers, but Gwen doesn’t have to worry about money—the kids can wear whatever they want. They are also known for having big birthday parties for the kids every year that probably cost a fortune.
13 Keeps It Frugal: Mick Jagger
Considering the fact that Mick Jagger has eight children, it’s no wonder that he can’t exactly splurge on all of them—but granted, some of them are now older and have their own income. Yes, he’s one of the biggest rock stars of all time, but he still knows how to keep it frugal. According to Vogue, Mick Jagger has always been known for his frugal habits. He tends to negotiate for every deal. He was also known for making strict budgets and sticking to them. It’s safe to say that his kids had to learn the power of a budget, too.
12 Splurges On Their Kids: Sandra Bullock
Sandra Bullock is a strong, down to earth woman, but she also likes to have a little fun with her money! According to Elle Decor, Sandra spent a pretty big chunk of change renovating her house after adopting her kids. Plus, her son Louis was a huge fan of art from a young age, and she was ready to help him indulge in that hobby! She has dropped a ton of money on buying paintings that Louis loves—for example, she once spent $14,000 on an Andy Warhol painting called “Peaches” just because Louis liked it! Their house must be gorgeous.
11 Keeps It Frugal: Darius Rucker
Darius Rucker may be a super famous country star, but despite all of his accomplishments, he still knows how to stay on a budget. You won’t catch him splurging on his kids any time soon! According to AOL Finance, Darius is actually known for being quite frugal. He was raised by a single mom, os he knows how to make a dollar stretch quite far. He still drives his kids to school, shops at Target, and spends a lot of time with his family. He says that he does like driving nice cars, though, so that’s his only big expense.
10 Splurges On Their Kids: Jessica Simpson
Jessica Simpson hasn’t released new music in a while, but back in the early 2000s, you could not turn on the radio without hearing one of her songs. She was definitely making some serious money! According to Business Insider, Jessica still has no problem with giving her kids whatever strikes their fancy. She is especially known for throwing birthday parties for her kids that would rival any adult’s birthday party. Yes, it may cost thousands of dollars, but she only wants the finest things for her kids. She is definitely not the only celeb parent going all out for kids’ birthday parties.
9 Keeps It Frugal: Mariska Hargitay
Mariska Harigitay starred on one of the most popular TV shows around, Law & Order: Special Victims Unit. The show has been around since 1999, so she’s clearly been pulling in a major paycheck for decades now. But according to Wise Bread, Mariska is a super smart saver. She says that she still sticks to a budget, saves most of her money, and wants to ensure that she will be comfortable in the future. She has three children, and since she grew up with very little money, she is teaching them to be appreciative and grateful for all that they have.
8 Splurges On Their Kids: Tori Spelling
Let’s just say that Tori Spelling may have splurged a little TOO much on her kids—she has definitely had some financial troubles before! She has five kids, which is not cheap. According to the Daily Mail, she is known for going on huge shopping sprees with her children. It’s expensive enough to let one kid going on a shopping spree for clothes—imagine how much that bill must have been for all of her kids! Well, it’s clear that Tori likes to live the high life, and she wants the same thing for her kids, hence all the shopping sprees.
7 Keeps It Frugal: Bill Gates
Would it surprise you to hear that one of the wealthiest men of all time actually isn’t a big spender? We all know that Bill Gates donates an enormous amount of money to charity every year, and he also wants his children to learn how to manage their own finances. According to Time, Bill does not splurge on fancy everyday items. He still wears a watch that cost $10! And he wants his kids to have the same habits. He believes that when it comes to making good money, your spending habits are just as important as your actual income.
6 Splurges On Their Kids: Mariah Carey
We all know that Mariah Carey is a diva in the best possible way—she’s extremely talented, she knows her worth, she wants the best for herself, and she’s not afraid to say so! This is a woman who gets what she wants, and she treats her kids the same way. According to Page Six, Mariah’s kids just got a dog from a breeder that cost a few thousand dollars, and her son has also been known to spend up to $5,000 dollars ordering items from Amazon! This is the perfect example of why kids need supervision around technology sometimes.
5 Keeps It Frugal: Julia Roberts
Julia Roberts is basically the definition of classy. It’s clear that she has money and knows how to spend it, but truthfully, she is not a big spender like some people might assume. According to Daily Star, Julia may earn millions every time she appears in a movie, but she is still a frugal shopper, and she makes that clear to her three children. In fact, she is known for popping into thrift stores and doing her shopping there! She does enjoy treating herself sometimes like any other celebrity, but she is definitely not splurging that much on her kids.
4 Splurges On Their Kids: Jennifer Lopez
Jennifer Lopez may be “Jenny From the Block,” but she’s got money, and she knows how to use it—and her kids are definitely getting a big slice of the pie! According to Daily Mail, Jennifer has often been spotted taking her children for shopping sprees in the Hamptons! And let’s just say that buying anything in the Hamptons doesn’t come cheap. Well, Jennifer has been putting out hit after hit in the music industry for years, so you can’t exactly fault her for wanting to have a good time with it and treat her kids when she has the chance.
3 Keeps It Frugal: Keira Knightley
Keira Knightley is definitely a down to earth mom. She may be a super famous actress, but she still lives a fairly modest lifestyle—aside from the red carpet events, of course! According to Cheat Sheet, Kara gives herself a “budget” of about $50,000 dollars per year for living expenses. For a celebrity making millions off her movies, that’s actually pretty sensible. Yes, it still takes a fair amount of privilege, but she definitely doesn’t spend like many celebs do. Her daughter will grow up with a more realistic idea of how to handle money instead of living a luxurious life.
2 Splurges On Their Kids: Katie Holmes
When Katie Holmes and Tom Cruise had their daughter, Suri, the tabloids went crazy—everyone in Hollywood wanted to get the gossip. Since then, Katie and Tom have split. However, Suri still grew up very comfortably—at least, where finances were concerned. According to The Huffington Post, Suri’s wardrobe as a child was worth millions. Katie and Tom would spend any amount of money on designer clothes for her. She literally had the world at her feet. It’s hard to imagine having all those kinds of things as a young kid, but it’s safe to say that Suri probably loved it.
1 Keeps It Frugal: Kristen Bell
Kristen Bell just seems like the kind of celeb you could grab a cup of coffee with and chat about anything. Maybe the reason that she seems so grounded is partially because of her attitude towards money. According to Cheat Sheet, she and Dax Shepard only spent about $150 on their wedding! She’s also known for rocking dresses from Target at Hollywood events—and guess what, she still looks amazing! She says that she is also a huge fan of using coupons when she is grocery shopping with her kids. They will definitely grow up to be frugal in the future!
References: dailymail.co.uk, thefrugallifestyle.com, hellomagazine.com, thisisinsider.com, people.com, yahoo.com, metro.co.uk, hollywoodlife.com, cbc.com, latimes.com, vogue.com, elle.com, aol.com, businessinsider.com, wisebread.com, time.com, pagesix.com, dailystar.com, cheatsheet.com, thehuffingtonpost.com